Massachusetts S2490 establishes eligibility for Thomas Chiocca for the alternative superannuation retirement benefit.

Massachusetts S2490 provides that Thomas Chiocca is eligible for the alternative superannuation retirement benefit known as Retirement Plus. The bill specifies that Thomas Chiocca must contribute an amount commensurate with what he would have paid under Retirement Plus, minus prior contributions, plus regular interest. The Board will then recalculate his retirement allowance using the Retirement Plus formula, and he will be entitled to the benefit retroactively from the date of his superannuation retirement. This act takes effect upon passage.

Massachusetts S2490 establishes eligibility for Thomas Chiocca for the alternative superannuation retirement benefit.

Massachusetts S2490 provides that Thomas Chiocca is eligible for the alternative superannuation retirement benefit known as Retirement Plus. The bill specifies that Thomas Chiocca must contribute an amount commensurate with what he would have paid under Retirement Plus, minus prior contributions, plus regular interest. The Board will then recalculate his retirement allowance using the Retirement Plus formula, and he will be entitled to the benefit retroactively from the date of his superannuation retirement. This act takes effect upon passage.